Technology

SAN FRANCISCO (Reuters) – Japan’s SoftBank Group Corp is offering to purchase shares of Uber Technologies Inc at a valuation of $48 billion, a 30 percent discount to its most recent valuation of $68.5 billion, a person familiar with the matter said on Monday. The logo of SoftBank Group Corp is displayed at SoftBank World

PITTSBURGH, Pa./NEW YORK (Reuters) – Three people affiliated with a Chinese cyber security firm hacked into the networks of Siemens AG, Trimble Inc and Moody’s Analytics to steal business secrets, U.S. prosecutors said on Monday. An indictment unsealed in federal court in Pittsburgh, Pennsylvania, charged the three for launching “coordinated and unauthorized” cyber attacks with

TEL AVIV (Reuters) – A court in Israel ordered Uber on Monday to halt a trial program in the Tel Aviv area that the U.S. ride-hailing company had hoped would pave the way for its full operations in the country. Uber’s logo is pictured at its office in Tokyo, Japan, November 27, 2017. REUTERS/Kim Kyung-Hoon

LONDON (Reuters) – Royal Dutch Shell (RDSa.L) has partnered with top carmakers to deploy ultra-fast chargers on Europe’s highways, stealing a march on rivals in the race to remove one of the biggest obstacles facing the electric car sector. FILE PHOTO: The charging plug of an electric Volkswagen Passat car is pictured at charging station

SAN FRANCISCO (Reuters) – The judge overseeing a lawsuit between Uber Technologies Inc [UBER.UL] and Alphabet Inc’s (GOOGL.O) Waymo self-driving car unit issued a series of orders this week, prompted by information shared with him by the U.S. Department of Justice. FILE PHOTO: The Uber logo is seen on a screen in Singapore August 4,

SAN FRANCISCO/NEW YORK (Reuters) – Uber Technologies Inc [UBER.UL] plans to move ahead with a deal to bring in Japanese technology company SoftBank Group Corp (9984.T) as a major investor by disclosing the pricing early next week in formal tender offers to the ride-hailing service’s investors, two people familiar with the plans said on Friday.

LONDON (Reuters) – Cadbury chocolates maker Mondelez, Lidl, Mars and other consumer goods marketers have pulled advertising from YouTube after The Times newspaper found the video sharing-site was showing clips of scantily clad children alongside the ads of major brands. A 3D-printed YouTube icon is seen in front of a displayed YouTube logo in this

BEIJING (Reuters) – Nissan Motor Co, an early mover in the electric vehicle market, will use the Los Angeles auto show next week to send a message about gasoline-fueled engines: They’re not dead yet. The Infiniti QX50 VC-Turbo is seen in Torrance, California U.S. November 22, 2017. REUTERS/Lucy Nicholson Shinichi Kiga, head of Nissan’s gasoline

LONDON/SYDNEY (Reuters) – Paddy Power Betfair and William Hill have separately held talks about a deal with Australia’s CrownBet as UK-focused gambling companies seek to expand overseas to offset tougher regulations in Britain. FILE PHOTO: A branded sign is displayed outside a William Hill betting shop in London, Britain July 25, 2016. REUTERS/Neil Hall/File Photo

LONDON (Reuters) – Uber submitted a request to appeal to the Supreme Court a decision by a British tribunal which said its drivers deserved workers’ rights such as the minimum wage, the taxi app said on Friday. A photo illustration shows the Uber app logo displayed on a mobile telephone, as it is held up

COPENHAGEN (Reuters) – Danish supermarket chains Bilka and Fotex said their websites had been taken down by cyber attacks at the launch of their Black Friday sales campaigns. The websites were hit by “malicious cyber-connection” attacks, an advanced form of a Distributed Denial of Service (DDoS) attack where hackers send numerous requests to refresh the

GUIYANG, China (Reuters) – Giant robots and futuristic cyberpunk castles rise out of lush mountain slopes on the outskirts of Guiyang, the capital of one of China’s poorest provinces. Welcome to China’s first virtual reality theme park, which aims to ride a boom in demand for virtual entertainment that is set to propel tenfold growth

(Reuters) – U.S. shoppers had splurged more than $1.52 billion online by Thanksgiving evening, and more bargain hunters turned up at stores this year after two weak holiday seasons as retailers opened their doors early on the eve of Black Friday. A customer loads her shopping cart during the Black Friday sales event on Thanksgiving

NEW YORK (Reuters) – A U.S. judge ruled that Uber can force an unhappy Connecticut customer’s price-fixing case against the ride-service company into arbitration, after the customer said the proposed class action belonged in court because he never agreed to arbitrate. FILE PHOTO: A man arrives at the Uber offices in Queens, New York, U.S.,

(Reuters) – Uber rival Lyft Inc is raising an additional $500 million in funding, according to a U.S. share authorization document filed in Delaware news website Axios said. (bit.ly/2BhebbU) The additional funding round, led by Alphabet Inc’s CapitalG, is an extension of the $1 billion round announced in October. Lyft spokesman Adrian Durbin, confirming the

TORONTO/SAN FRANCISCO (Reuters) – A newspaper advertisement for an Uber Technologies Inc stock sale was juxtaposed on Wednesday with a report that the ride-service provider had covered up a data hack – something of a metaphor for Uber, a company with boundless investor interest, but whose penchant for rule-breaking has led to a series of

DUBAI/LONDON (Reuters) – German business software giant SAP (SAPG.DE), which last month said its South African sales commissions were being probed by U.S. regulators, has launched an investigation into its business practices in the Gulf region, it said on Wednesday. SAP logo at SAP headquarters in Walldorf, Germany, January 24, 2017. REUTERS/Ralph Orlowski The company

(Reuters) – Research by Apple Inc (AAPL.O) computer scientists on how self-driving cars can better spot cyclists and pedestrians while using fewer sensors has been posted online, in what appears to be the company’s first publicly disclosed paper on autonomous vehicles. FILE PHOTO: The Apple logo is pictured inside the newly opened Omotesando Apple store

SYDNEY (Reuters) – Amazon.com Inc has told its Australian sellers to be ready to take orders on Nov. 23, according to a retailer, the first time the global retail juggernaut has given a start date for sales in a country. FILE PHOTO: The logo of the web service Amazon is pictured in Mexico City, Mexico

BRUSSELS (Reuters) – Some European Union members are resisting EU plans to raise the tax bill of tech multinationals, EU draft documents seen by Reuters show, in moves that are likely to cause a public outcry after several disclosures of corporate tax avoidance schemes. A worker gift wraps a christmas order at Amazon’s fulfilment centre

HONG KONG (Reuters) – A lack of space for cemeteries in crowded Hong Kong clashes with the age-old Chinese tradition of reverence for one’s ancestors. But one entrepreneur uses virtual reality software to reconcile the two, allowing people to honor Confucian traditions of filial obligation in the territory where it can cost up to $130,000

SINGAPORE(Reuters) – SoftBank Group’s (9984.T) multi-billion dollar investment in Uber Technologies Inc opens up the possibility of combining it with other ride-hailing assets the Japanese group owns in a consolidation of a rapidly growing business across Asia, industry sources say. FILE PHOTO: The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference

STOCKHOLM/SAN FRANCISCO (Reuters) – Uber plans to buy up to 24,000 self-driving cars from Volvo, marking the transition of the U.S. firm from an app used to summon a taxi to the owner and operator of a fleet of cars. The non-binding framework deal could offer San Francisco-based Uber a way to overcome setbacks at

TOKYO/HONG KONG (Reuters) – Toshiba Corp’s planned $5.4 billion new share issue to overseas investors is set to provide it with most of the funds it needs to avoid a delisting – a quickly arranged deal that underscores both the weakness of its finances and the allure of its chips unit. Burdened by billions of

(Reuters) – Chipmaker Marvell Technology Group Ltd (MRVL.O) has agreed to acquire smaller peer Cavium Inc (CAVM.O) for around $6 billion, as it seeks to expand in the networking equipment sector, people familiar with the matter said on Sunday. The deal will allow Marvell to diversify away from its traditional storage devices business following an

BRUSSELS (Reuters) – U.S. smartphone chipmaker Qualcomm is set to win “imminent” Japanese antitrust clearance for its $38-billion bid for NXP Semiconductors and gain Europe’s approval by the end of the year with slight tweaks to its concessions, a person familiar with the matter said. FILE PHOTO: A sign on the Qualcomm campus is seen,

BRASILIA (Reuters) – The head of Brazil’s lower house of Congress said on Friday he hopes that the chamber will approve the Senate version of a bill regulating ride-hailing apps such as Uber Technologies Inc [UBER.UL]. An Uber driver cleans his car as his cell phone shows the queue to pick up passengers departing Guarulhos

(Reuters) – Tesla Inc (TSLA.O) may have to ask creditors and shareholders for more capital to fund development of an electric semi truck, a new roadster and accelerated production of a high-volume electric sedan, analysts said on Friday. Tesla Roadster 2 is shown in this undated handout photo, during a presentation in Hawthorne, California, U.S.,

SAN FRANCISCO (Reuters) – Apple Inc has pushed the launch of its HomePod smart speaker to early next year from December, the company said on Friday, missing the holiday shopping season as the market for such devices becomes increasingly competitive. Phil Schiller, senior vice president of worldwide marketing announces the new Apple HomePod during the